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384 Yates Ave, Calumet City, IL 60409, US
Copied

$326,900
BiggerPockets estimate

Off Market
384 Yates Ave, Calumet City, IL 60409
8 Beds
5 Baths
3,120 Square Feet
0.11 Acres Lot
Built in 1968
Off Market
3 Units
Checked: 5 months ago
Updated: May 30, 2025 at 09:58AM

Investment Summary


Monthly Cash Flow
-$1,527
Cap Rate
0.1%
Cash-on-Cash Return
-24.4%
Debt Coverage Ratio
0.01
Internal Rate of Return (5 years)
-19.5%

Property Description


0.11 Acres Lot
Built in 1968
Off Market
3 Units

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 384 Yates Ave, Calumet City, IL (ZIP code 60409) this multi family features 8 bedrooms, 5 bathrooms and approximately 3,120 square feet of living space. The property sits on a 0.11 acre lot and was built in 1968.

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Location


Property Details


Parking

  • Description: Space/s, Parking On-Site
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 8

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 21
  • # of Stories: 2
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Masonry
  • Roof Material: Shingle (Not Wood)

Land Information

  • Land Use: Residential
  • Land Use Subtype: Apartments (general)

Lot Information

  • Parcel ID: 2912219019
  • Lot Size: 4791 sqft

Property Information

  • Property Type: Multi Family
  • Year Built: 1968

Tax Information

  • Annual Tax: $13,012

Location

  • County: Cook

Investment Summary


Monthly Cash Flow
-$1,527
Cap Rate
0.1%
Cash-on-Cash Return
-24.4%
Debt Coverage Ratio
0.01
Internal Rate of Return (5 years)
-19.5%

Purchase Details

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Purchase price:
$326,900
Amount financed:
-$261,520
Down payment:
$65,380
Closing costs:
$9,807
Rehab costs:
$0
Initial cash invested:
$75,187
Square feet:
3,120
Cost per square foot:
$105
Monthly rent per square foot:
$0.51

Financing Details

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Loan amount:
$261,520
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,547
Property tax:
$1,084
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,743

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (68%)
68%-$1,084-$13,012
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (93%)
93%-$1,484-$17,812

Cash Flow


Monthly Yearly
Net operating income:
$20 $240
Mortgage payments:
-$1,547 -$18,564
Cash flow:
$1,527 $18,324